Posts
December 23 2020
Blank-check firm founded by Hollywood exec Sagansky files for $1.5 billion IPO
Spinning Eagle Acquisition Corp, a blank-check company founded by Hollywood executive Jeff Sagansky, on Wednesday filed to go public, seeking to raise up to $1.5 billion.
www.reuters.com
December 23 2020
No End in Sight for Blank-Check Firms After Year of the SPAC
There’s no stopping the SPAC, which emerged from obscurity to seemingly take over finance in 2020. Special purpose acquisition companies, or SPACs, went from a back-of-the-shelf financial vehicle to one of the biggest segments of initial public offerings, with a record $78 billion raised in the U.S. this year,…
www.bloomberg.com
December 21 2020
SoftBank launches blank-check company to raise $525 million
SoftBank Group Corp on Monday filed to raise $525 million through a blank-check company as the Vision Fund’s managers join the craze for the listing vehicles.
www.reuters.com
December 07 2020
Exclusive: Online lender SoFi explores deal to go public – sources
Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people familiar with the matter said on Monday.
www.reuters.com
December 07 2020
7GC & Co. Holdings, a tech SPAC formed by 7GC and Hennessy Capital, files for a $175 million IPO
7GC & Co. Holdings, a blank check company formed by 7GC and Hennessy Capital targeting a tech business, filed on Monday with the SEC to raise up to $175 million in an initial public offering.
www.nasdaq.com
December 06 2020
Foley-backed blank-check acquisition firm nears $9 billion Paysafe deal
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing a deal to merge with Paysafe, valuing the payments company at around $9 billion, including debt, people familiar with the matter said on Sunday.
www.ca.reuters.com
December 03 2020
Howard Lutnick’s SPAC is taking smart-glass company public
Smart-glass company View is set to go public through a special purpose acquisition company merger. The company announced Monday it had reached an agreement with a SPAC sponsored by Cantor Fitzgerald. The deal values View at $1.6 billion, according to Bisnow.
www.therealdeal.com
December 03 2020
Barry Sternlicht’s second SPAC Jaws Spitfire Acquisition prices upsized $300 million IPO at $10
Jaws Spitfire Acquisition, the second blank check company led by Starwood Capital founder Barry Sternlicht, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
www.renaissancecapital.com